Budgeting can fast track Millennials into a first home

April, 2017 by

While many bemoan the uncertain future of home ownership for younger Australians, it seems many Millennials still aim to own the roof over their heads, writes Dawn Inanli, General Manager, Our Broker.

According to the recent report Beyond the Bricks from global investment bank HSBC, 83% of Millennials in Australia intend buying a home in the next five years. This is higher than the United States (80%), Canada (82%), the UK (74%) and France (69%). Yet the number of Australians aged 19-36 who currently own their own home is among the lowest.

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